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Last Updated: 18 October 2021

Study Loan

Students who have taken up maximum of the Tuition Fee Loan, and with gross monthly per capita income of $2,700 or less, can apply for the Study Loan to finance the remaining fees. Learn about the eligibility criteria and how to apply.

Who is eligible

Diploma students who:

  • Are Singapore Citizens or Permanent Residents taking full-time diploma courses at local polytechnics.
  • Have taken up maximum loan under the Tuition Fee Loan scheme, or other loans and fee subsidies that cover up to 75% of tuition fees payable.
  • Have a gross monthly per capita income of $2,700 or less.

Undergraduate students who:

  • Are Singapore Citizens (SC), Permanent Residents (PR) or international students taking full-time subsidised undergraduate courses, or SCs taking part-time subsidised undergraduate courses.
  • Have taken up maximum loan under the Tuition Fee Loan scheme, or other loans and fee subsidies that cover up to 90% of tuition fees payable.
  • Have a gross monthly per capita income of $2,700 or less for SCs and PRs, or $1,200 or less for international students.
Students who have taken up loans and subsidies that cover 100% of tuition fees are eligible to take up only the living allowance portion.

How it works

The Study Loan covers:

  • Up to 25% of subsidised fees payable and a living allowance loan of $2,000 per year for polytechnic students.
  • Up to 10% of the subsidised Singapore Citizen fees payable and a living allowance loan of $3,600 per year for university students.

The loan is tenable for the entire course duration.

  • For students with monthly household per capita income of $950 or less, the loan is interest-free.
  • For students with monthly household per capita income between $951 and $2,700, the loan is only interest-free during the course of study, with interest only commencing upon graduation.

For interest-bearing study loans, the maximum loan repayment period is up to 5 years for loans taken at polytechnic level, and up to 20 years for loans taken at the university level. For interest-free study loans, the maximum loan repayment period is up to 2 years for loans taken at polytechnic level, and up to 5 years for loans taken at the university level.

How to apply

Students can approach the respective institutions for application.

All full-time students who are CPF members or dependents of CPF members can also tap on the CPF Education Loan Scheme, which can cover up to 100% of tuition fee.